Toward a Monetary Union in the East African Community [electronic resource] / Paulo Drummond.
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TextSeries: Departmental Papers / Policy Papers; Departmental Paper ; No. 15/08Publication details: Washington, D.C. : International Monetary Fund, 2015Description: 1 online resource (58 p.)ISBN: 1513562177 :Subject(s): Burundi | Kenya | Rwanda | Tanzania | UgandaAdditional physical formats: Print Version:: Toward a Monetary Union in the East African CommunityOnline resources: IMF e-Library | IMF Book Store Abstract: This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and examines likely future changes in the EAC economies.
Description based on print version record.
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